kept as a unit distinct from its owner or owners. (h) All significant postbalance sheet events are reported. (i) Revenue is recorded at point of sale. (j) All important aspects of bond indentures are presented in financial statements. (k) Rationale for accrual accounting. (l) The use of consolidated statements is justified. (m) Reporting must be done at defined time intervals. (n) An allowance for doubtful accounts is established. (o) All payments out of petty cash are charged to Miscellaneous
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Dept of comm. Non Tariff Measures Non Tariff Measures (NTMs) are all measures other than normal tariffs namely trade related procedures‚ regulations‚ standards‚ licencing systems and even trade defense measures such as anti-dumping duties etc which have the effect of restricting trade between nations. Some of these measures could be justified under the provisions or the exceptions provided under the various multilateral agreements governing international trade. On the other hand‚ certain non tariff
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The issue of revenue recognition practices is an area that has received a lot of attention from regulators. Whenever there is a report of financial restatements or negative earnings‚ regulators pay extra attention to review the financial statements in order to verify that that there are not any indications of financial fraud or that the organization overstepped their boundaries in the area of managed earnings. The reason that regulators have taken a special interest in financial accounting and potential
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Chapter 4 The Revenue Cycle Objectives for Chapter 4 • Tasks performed in the revenue cycle‚ regardless of the technology used • The functional departments involved in revenue cycle activities and the flow of revenue transactions through the organization • The documents‚ journals‚ and accounts that provide audit trails‚ promote the maintenance of records‚ support decision making‚ and sustain financial reporting • Risks associated with the revenue cycle and the controls that reduce these risks
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ChemConnect’s Web site for buying and selling natural gas liquids‚ refined and intermediate fuels‚ chemicals‚ and plastics is an example of B2B e-commerce. B2C (Business to Consumer): Involves retailing products and services to individual shoppers. Barnesandnoble.com‚ which sells books‚ software‚ and music to individual consumers‚ is an example of B2C e-commerce. C2C (Consumer to Consumer): Involves consumers selling directly to consumers. For example‚ eBay‚ the giant Web auction site‚ enables people
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1. What are the revenue streams for TechMall? The revenues streams for TechMall include the following: a. Setup Fee Revenue b. Statement Fee Revenue c. Transaction Fee Revenue 2. What drives each of the revenue streams? a. Merchant setups drives the Setup Fee Revenue (Setup Fee Revenue=Merchant setups*$750); b. System merchants drives the Statement Fee Revenue (Statement Fee Revenue=System Merchants*$50); c. Total transactions‚ and Transaction Dollars drives the Transaction Fee
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Competency Goal 1 To Establish and maintain a safe‚ healthy‚ learning environment Functional Area 1: Safe To reduce injury I always use the saying if you can predict something might happen then prevent it before. Children do not understand that there are dangers all around them‚ whether its the toys they play with‚ other kids and their belonging or the equipment that they play on. The important goals that I have are always to put the children’s safety‚ happiness and their needs first. The best
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Microsoft’s Strategic Initiative Kanika Barrett‚ Karen Ebert‚ Hector Garcia‚ and Cory Seguin Finance for Business FIN / 370 June 1‚ 2015 Beth Tissaoui Microsoft’s Strategic Initiative Microsoft was cofounded on April 4‚ 1975‚ by childhood friends‚ Paul Allen and Bill Gates. Bill Gates served as the first CEO due to the 60/40 partnership he had with Paul Allen. The first Japanese office‚ ASCII Microsoft‚ opened in August 1977. Microsoft became incorporated in Washington thus becoming Microsoft
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dollars) Total Revenue Marginal Revenue Total Cost Marginal Cost Profit (or loss) 0 42 0 35 1 41 41 68 2 40 80 94 3 39 117 107 4 38 152 114 5 37 185 129 6 36 216 180 7 35 245 235 8 34 272 296 Step Two: Determine a product market (a specific good or service) appropriate to the prices listed. This will be the title of your graph and data table. You will be creating a graph on Step Four. Step Three: Calculate the marginal revenue‚ marginal cost
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Biyani’s Think Tank Concept based notes E-Commerce BBA Part-III BSc‚MSc-IT Lecturer Deptt. of Information Technology Biyani Girls College‚ Jaipur Deepika Kumari For more details: - http://www.gurukpo.com 2 Published By: Think Tanks Biyani Group of Colleges Concept & Copyright : ©Biyani Shikshan Samiti Sector-3‚ Vidhyadhar Nagar‚ Jaipur-302 023 (Rajasthan) Ph. : 0141-2338371‚ 2338591-95 l Fax : 0141-2338007 E-mail : acad@biyanicolleges.org Website : www.biyanithinktank
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